Target posts 9 percent profit rise as online sales surge
Target Corp posted a 9 percent quarterly profit jump beating expectations as digital sales growth accelerated. Revenue rose 5 percent to 17.6 billion dollars with 44 percent of sales growth from digital channels and curbside or same day home delivery.
MENTIONED IN THIS ARTICLE
Minneapolis Target Corp
Refinitiv
Target
Brian Cornell
Analysts say Ford must cut 23 000 more salaried jobs to hit goals
Morgan Stanley analyst Adam Jonas argues Ford must trim about 23 000 additional salaried positions beyond the 7 000 announced, to meet Smart Redesign targets. He and other analysts warn on revenue and market share as Ford proceeds with layoffs through August amid a shrinking global presence.
MENTIONED IN THIS ARTICLE
Ford World
Dearborn
Mich
Adam Jonas
Morgan Stanley
Ford
Carlos Osorio
Detroit
Ford Motor Co
Jonas
New York
Wall Street
Jim Hackett
General Motors
Jon Gabrielsen
Metro
Gabrielsen
North America
Detroit Free Press
Hackett
Europe
China
South America
U.S
Southeast
Michigan
Lowe's makes early progress under Ellison amid long turnaround
One year into Marvin Ellison’s tenure Lowe's reports mixed Q1 results with same store sales up 3.5 percent overall and 4.2 percent in U S stores, outperforming Home Depot on the quarter. Ellison says retail fundamentals and supply chain work are paying off, though the transformation remains in phase one of a three part plan. He notes significant store closures and leadership changes as part of the broader strategy.
MENTIONED IN THIS ARTICLE
Lowe’s
Marvin Ellison
Ellison
J.C. Penney
Home Depot
Ballantyne
U.S
Stocks Slip as Trade Tensions Weigh on Markets
U S shares fell as trade tensions with China simmered and the Fed minutes signaled patience on rate cuts. Tech and retailers led declines while the dollar and Treasuries held, and European stocks eased with energy and auto sectors weaker amid mixed signals.
MENTIONED IN THIS ARTICLE
U.S
White House
Dollar
Treasuries
Federal Reserve
China
Fed
Fed Funds
Michael Kushma
Global Fixed Income
Morgan Stanley Investment Management
Lowe’s Cos
Nordstrom Inc
Russia
Finance Ministry
Theresa May
Narendra Modi
ECB
Local Politician Grabs Attention Amid Dense Debate
A seasoned politician addressed a crowded meeting amid sharp questions on policy direction. Supporters cheered while critics urged clearer plans and faster action on key issues affecting the community.
Also Mentioned on This Page
the Sun Journal
Newbernsy.com
Qualcomm
San Diego
Lucy Koh
Federal Trade Commission
Wedbush Securities
Koh
Ninth Circuit Court of Appeals
Don Rosenberg
Lowe's
New York Time
U.K
Ques